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    3361 Melrose Ave NW Roanoke, VA 24017

    For Lease
    $8 SF/Yr ($3,666 /Mo)

    5,500 SF office/industrial space suitable for various uses.

    Property size:
    5,500 SF
    Lot size:
    2.62 Acres

    Property Features for 3361 Melrose Ave NW

    General Information

    Size
    5,500 SF
    Lot size
    2.62 Acres

    Source: Hall Associates, Inc Agent Thomas Turner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Office/Industrial Space for Lease

    This property offers approximately 5,500 square feet of office and industrial space within a one-story industrial building totaling 29,000 square feet. The space is suitable for office, research and development, and light industrial uses. It features private offices, large open areas, two restrooms, and a break area. There is a separate entrance into the suite. Ample paved parking is available. The landlord is open to making improvements to the space, potentially including providing more open industrial space and adding a drive-in door. The property has a central location with easy access to I-581. Tenant is responsible for utilities. Rate quoted is base rate subject to the cost of tenant improvements.
    Insight Report Location Intelligence

    Current Use by Public Records

    Baker Roofing Company Roofing Contractor University of Fairfax | Cybersecurity ... Private University ANU Support Offices School District Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Salem
    State
    Virginia
    Longitude
    -79.9913712
    Latitude
    37.29255

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    FAQs

    What type of property is this?
    Flex space - 5,500 SF office/industrial space suitable for various uses.
    Where is this flex space located?
    The property is located at 3361 Melrose Ave NW Roanoke, VA.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - Approximately 5,500 square feet of office/industrial space.; - Central location with easy access to I-581.; - Landlord will consider making improvements, including adding a drive-in door.
    (540) 982-0011
    Request Owner's contact information
    3361 Melrose Ave NW Roanoke, VA 24017
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    Roanoke, VA 24017
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3361 Melrose Ave NW Roanoke, VA 24017
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